Retail Accountant

Job Title: Retail Accountant

Reporting To: Head Of Finance

Key Results Area:

• Ensure that the financial records are accurate, complete, and in compliance with generally accepted accounting principles
• Prepare and distribute the Management Accounts within the reporting cycle
• Manage the entities working capital
• Ensure all recons are done on time; Bank and Balance Sheet
• Manage supplier payments and circulate creditors ageing on a weekly basis
• Manage the daily shop cash ups and petty cash
• Manage the retail entities end to end banking requirements
• Ensure supplier contributions are captured on time and follow up on any outstanding payments.

Job Specific Requirements

Month End Reporting

• Process all the standard/ recurring Journal entries i.e Depreciation, leave accrual, etc
• Monthly bank recons and allocations. For Color Café Zambia, recons are done in ZMW.
• Creditors reconciliation
• Raise invoice for the shared BCs and follow up on outstanding invoices.
• Obtain sales by brand from BI and Raise commission invoices
• Send Customer Transaction report for the month to external service provider
• Obtain intercompany invoices from the Company and process in Retail Business
• Send all invoices for the month to an external service provider and review the VAT and WHT calc for the month
• Process payment for the WHT and VAT
• Finalise Intercompany recons before month end Close – No further intercompany transactions can be posted post this date
• Examine financial statements to make sure they’re accurate and comply with the relevant laws and regulations
• For Color Café Zambia, convert the income statement into ZAR and analyze the numbers
• Analyze the entities performance against budget and prior year same period
• Prepare a short summary of each entity’s monthly performance

Retail Entities Cash Management

• Prepare Weekly EOD Variance Analysis
• Complete Bank Reconciliations
• Process payments on time
• Working Capital Management
• Communicate any back orders with the Supply Chain management on a weekly basis.

Ongoing Tasks

• Managing intercompany transactions.
• Check/update Fixed Asset Register for movements during the month
• Develop financial strategies based on business goals and market trends to identify ways that the company can manane its operating costs

Educational requirements

• Matric or Grade 12
• Diploma/Degree in Accounting
• 3 – 5 years experience
• PC Literacy – Advanced level
• Working knowledge of Syspro.
  

Knowledge, skills and attributes required 

• Analytical
• Ability to work independently
• Ability to work under pressure
• Administrative skills
• Assertiveness
• Confidence and integrity
• Excellence orientation
• Excellent Planning ability
• Excellent verbal and written communication
• Flexibility and the ability to manage change
• Good organisational skills and a high degree of accuracy is required
• Hands on
• Interpersonal Skills
• Logical Reasoning Skills
• Project Management
• Self motivated
• The ability to work well as part of a team
• The ability to work with people at different levels